placing bets on energy , page-22

Hi PC43,

I have always enjoyed your posts and would appreciate your insight regarding TSV?

From today's presentation!

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00907428

* Large, proven, onshore gas field with potential 1-3 Tcf
recoverable resource

* The Project’s NPV on reasonable case assumptions of $2 billion ($200 million TSV’s share ~ 20c per share)

* Recent long term WA gas contract prices A$8 GJ, with short term contracts substantially higher

* Latest forecasts predict new supply of 1,100 Tj/day required in WA to meet increasing demand by 2015, allowing for economic slowdown

* Ideal Location- close to market and pipeline infrastructure

* Gas price outlook for WA remains strong

* Evaluation program at Warro, not exploration

Thanks in advance!

JB